SBI FD Interest Rates 2025

Updated on: May 28th, 2025

11 min read

The SBI FD interest rates 2025 range from 3.30% to 7.50% per annum, depending on the deposit tenure and customer category. The SBI fixed deposit interest rate is higher for senior citizens and select special schemes like Amrit Vrishti. This guide covers the latest SBI FD interest rates, minimum deposit rules, NRI FD options, and loan against fixed deposit facilities to help you make an informed investment decision with SBI bank FD interest rates.

Highlights for 2025 Fixed Deposit Scheme of SBI Bank

Feature	Details
Tenure	7 days to 10 years
Interest Rate (General)	3.30% – 7.50% p.a.
Interest Rate (Senior Citizens)	3.80% – 7.75% p.a.
Highest Interest Rate (General)	7.25% p.a. (Special Schemes)
Highest Interest Rate (Senior Citizens)	7.75% p.a.
Special Scheme	Amrit Vrishti (444 Days): 6.85% (General), 7.35% (Senior Citizens), 7.45% (Super Senior Citizens)
Premature Withdrawal Penalty	0.50% for FDs up to ₹5 lakh, 1% for above ₹5 lakh
Minimum Deposit Amount	₹1,000
Maximum Deposit Amount	No upper limit
Loan Against FD	Up to 85% of deposit value at 1% above FD rate

Fixed Deposit Rates of SBI for 2025

The State Bank of India (SBI) offers a range of Fixed Deposit (FD) schemes with competitive interest rates, ensuring secure and flexible investment options for both residents and Non-Resident Indians (NRIs).

SBI FD Interest Rates for Residents (Effective May 16, 2025)

Tenure	General Public (% p.a.)	Senior Citizens (% p.a.)
7 days to 45 days	3.30%	3.80%
46 days to 179 days	5.30%	5.80%
180 days to 210 days	6.05%	6.55%
211 days to less than 1 year	6.30%	6.80%
1 year to less than 2 years	6.50%	7.00%
2 years to less than 3 years	6.70%	7.20%
3 years to less than 5 years	6.55%	7.05%
5 years and up to 10 years	6.30%	7.30%
444 days (Amrit Vrishti)	6.85%	7.35%

SBI FD Interest Rates for NRIs

SBI offers attractive interest rates for NRE and NRO fixed deposits:

Deposit Type	Tenure	Interest Rate (% p.a.)	Additional Info
NRE FD	1 to 10 years	6.80% – 7.25%	No interest if withdrawn before 1 year
NRO FD	As per resident FD slabs	3.00% – 7.50%	Same rates as domestic FDs; TDS applicable

Special SBI FD Schemes – Amrit Vrishti (444 Days)

he SBI Amrit Vrishti Fixed Deposit Scheme is a limited-period special FD plan introduced to offer higher returns for fixed depositors. This scheme is available for a specific tenure of 444 days and is ideal for those seeking short-term investment with better interest earnings.

Scheme Tenure: 444 days
Interest Rate for General Public: 7.05% p.a.
Interest Rate for Senior Citizens: 7.55% p.a.
Interest Rate for Super Senior Citizens: 7.65% p.a.
Minimum Deposit: ₹1,000
Premature Withdrawal: Allowed with penalty
Effective Date: Interest rates effective from 15th April 2025
Scheme Launch: Active from 15th July 2024

SBI Loan Against Fixed Deposit

SBI provides the facility to avail loans against your fixed deposits, offering liquidity without breaking your FD:

Loan Amount: Up to 85% of the FD value.
Interest Rate: 1% above the applicable FD interest rate.
Processing Fee: Nil.
Loan Type: Demand Loan and Overdraft.
Application Channels: Internet Banking, YONO App, and SBI Branches.

Note: The loan facility is available for both domestic and NRI customers.

Term wise SBI Fixed Deposit Rates

Deposit Tenure	General Customers	Senior Citizens
Short-Term Deposits
7 days to 1 year	3.25% – 6.50%	3.75% – 7.00%
Medium-Term Deposits
1 - 5 years	7.00% – 7.50%	7.50% – 8.25%
Long-Term Deposits
5 - 10 years	7.00% – 7.50%	7.75% – 8.25%

SBI vs Other Banks' FD Rates

The below table shows the comparison between SBI bank FD interest rates with the other top banks in India:

Bank Name	Regular Customers (% p.a.)	Senior Citizens (% p.a.)
HDFC Bank	3.00% – 7.35%	3.50% – 7.85%
Punjab National Bank	4.55% – 7.30%	5.05% – 7.80%
Axis Bank	3.00% – 7.20%	3.50% – 7.70%
City Union Bank	5.00% – 7.50%	5.00% – 8.00%
Canara Bank	4.00% – 7.25%	4.00% – 7.75%
Bank of Baroda	4.25% – 7.25%	4.75% – 7.75%
ICICI Bank	3.00% – 7.25%	3.50% – 7.80%
HSBC Bank	2.85-7.50% p.a.	3.35- 8.00% p.a.
Citibank	2.10% – 7.77%	2.60% – 8.27%
State Bank of India	3.50%-7.25%	4.00%-7.75% p.a.
Indian Overseas Bank	4.00% – 7.30%	4.50% – 7.80%
IDBI Bank	3.00% – 7.00%	3.50% – 7.50%
Indian Bank	2.80% – 7.25%	3.30% – 7.75%
IDFC First Bank	3.00% – 7.75%	3.50% – 8.25%
Post Office FD	6.90% – 7.50%	6.90% – 7.50%
Kotak Bank	2.75% – 7.40%	3.25% – 7.90%

Features and Benefits of SBI Fixed Deposit

The minimum deposit tenure to open an FD account is 7 days.
The maximum deposit tenure for an FD account is 10 years.
The minimum deposit amount is Rs.1,000.
You can open an FD account online or by visiting the nearest branch of SBI.
Get attractive interest rates on all tenures and schemes.
Senior citizens above the age of 60 years, SBI staff, and SBI pensioners are bound to receive additional interest rates.
A nomination facility is available.
Transfer the account across branches of SBI.
Interest payout can be done monthly, half-yearly, yearly, or on maturity based on the scheme chosen.
A loan facility against FD is available.
Invest in SBI Tax Savings Scheme, 2006, for tax benefits under Section 80C.

Types of SBI Bank FD Schemes

FD Scheme	Key Features	Tenure	Min Deposit	Max Deposit	Special Benefits
Fixed Deposit (FD)	Lump sum deposit with flexible payouts	7 days to 10 years	₹1,000	No limit	0.25% extra for seniors
Annuity Deposit Scheme	Lump sum deposit with monthly payouts	36 to 120 months	Based on ₹1,000/month annuity	No limit	Premature withdrawals up to ₹15 lakh
Multi Option Deposit (MOD)	Linked to savings/current account; withdraw in units of ₹1,000	1 to 5 years	₹10,000	No limit	Auto-sweep feature available
Motor Accident Claims Annuity (MACAD)	Monthly annuity payments for accident claimants	36 to 216 months	₹1,000/month annuity	No limit	Linked to MACT claims account
SBI ‘Sarvottam’ (Non-Callable)	Higher interest rate, no premature withdrawal	1 to 2 years	₹1 crore (retail) / ₹2 crore (bulk)	No limit (bulk)	Additional interest for seniors & SBI staff
SBI Tax Savings Scheme	Tax benefits under Section 80C	5 to 10 years	₹1,000	₹1.5 lakh	5-year lock-in period
SBI ‘We-Care’ (Senior Citizens)	Higher interest rates for seniors	5 to 10 years	₹1,000	No limit	Extra 30 bps for 5+ years deposits
Floating Rate Bulk Term Deposit (FRBTD)	Interest linked to repo rate	91 days to 3 years	₹2 crore	No limit	1% penalty for early withdrawal
SBI Special Term Deposit	Interest is paid only at maturity, compounded quarterly	6 months to 10 years	₹1,000	No limit	Available at all SBI branches

Eligibility to Open an SBI FD Account

Resident individuals holding account ownership singly or jointly.
Minors with parents/guardians’ consent.
Karta of Hindu Undivided Families (HUFs).
NRIs (Non-Resident Indians) and PIOs (Persons of Indian Origin).
Partnership firms.
Companies.
Trusts.
Societies.
Local bodies and any government department.

Documents Required to Open State Bank of India FD

PAN card
Bank account details like account number, bank branch and IFSC code
Proof of Identity
- Passport
- PAN card
- Voter ID
- Driver’s license
- Aadhaar card
Proof of Address
- Passport
- Aadhaar card
- Bank statement with a cheque
Proof of Date of Birth
- Service discharge certificate
- PAN card
- Aadhaar card
- Voter ID

How to Invest in SBI FD?

You can invest in SBI FD through various ways.

Internet Banking

Step 1: Log in to the SBI net banking by entering your credentials.

Step 2: Click on the ‘Deposit & Investment’ tab and select ‘Deposit’.

Step 3: Click on the ‘Fixed Deposit’ option.

Step 4: Select the type of deposit account and click ‘Proceed’.

Step 5: Choose the account from which money has to be debited to the FD account.

Step 6: Enter the FD principal value, select the term deposit option, accept the terms and conditions and click the ‘Submit’ button to open an FD.

Mobile Banking

Step 1: Download and log in to the Yono SBI app.

Step 2: Click on ‘Deposits’ and select the ‘Fixed Deposits’ option.

Step 3: Click on the ‘Open Fixed Deposits’ button.

Step 4: Enter the required details and click ‘Next’.

Step 5: Review the details, tick the terms and conditions and click ‘Confirm’.

Visiting the Bank Branch

You can also open an FD account by visiting the SBI bank branch and obtaining the FD opening form. Fill out the form and submit it to the bank to open an FD account.

Tax on SBI Fixed Deposit

State Bank of India offers a tax saving deposit, i.e. the ‘SBI Tax Savings Scheme, 2006’, which provides tax benefits under Section 80C of the Income Tax Act,1961. The minimum deposit amount under this scheme is Rs.1,000, and the maximum deposit amount is Rs.1.5 lakh. It has a minimum lock-in period of 5 years, and the maximum tenure is 10 years.

Apart from the above scheme, SBI deducts TDS based on the interest earned on the FD accounts. However, the bank deducts TDS of 10% only when the total FD interest income exceeds Rs.40,000 in a year and Rs.50,000 in the case of senior citizens. You can submit Form 15G/15H to the bank requesting not to deduct TDS when the total interest income does not exceed Rs.40,000 or Rs.50,000 (in case of senior citizens).

Premature Closure of SBI Fixed Deposit

The State Bank of India will charge a penalty when the fixed deposit account is closed before the minimum tenure period. The penalty for premature closure of SBI fixed deposit account is as follows:

For deposits up to Rs.5 lakh, the penalty for premature withdrawal is 0.50%
For deposits above Rs.5 lakh, the penalty for premature withdrawal is 1%

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Frequently Asked Questions

What is the FD interest rate in SBI?

As of May 16, 2025, SBI offers FD interest rates ranging from 3.30% to 6.70% per annum for the general public and up to 7.30% per annum for senior citizens, depending on the tenure and deposit amount.

How to calculate FD interest rate in SBI?

You can calculate the FD interest rate in SBI bank by using the below formula:

A = P (1 + r/n) ^ n x t

In which,

A = the amount you receive on maturity
P = the amount you are investing
r = the annual rate of interest
n = the number of times the interest is compounded. (n will be 4 for quarterly compounding, 2 for half-yearly compounding and 12 for monthly compounding).
t = the tenure of investment

You can also easily calculate the SBI interest rate by using the SBI FD calculator within minutes.

What is the current interest rate on FD in SBI?

For the general public, rates now range from 3.30% to 6.85% per annum, while senior citizens can avail rates between 3.80% and 7.35% per annum, depending on the deposit tenure and scheme. The Amrit Vrishti special FD scheme offers a rate of 6.85% for a tenure of 444 days, with senior citizens receiving 7.35% and super senior citizens (aged 80 and above) eligible for 7.45%

How much is the interest rate on 5 lakh FD in SBI?

The interest rate for Rs.5 lakh FD in SBI varies depending on the tenure of the deposit. Currently, the SBI interest rates vary from 3.30% to 6.70% for the general public and 3.80% to 7.30% for senior citizens.

What interest rate SBI gives on FD above 1.5 lakhs?

The interest rate for FD above Rs.1.5 lakh in SBI varies depending on the tenure of the deposit. Currently, the SBI interest rates vary from 3.30% to 6.70% for the general public for a tenure of 7 days to 10 years and 3.80% to 7.30% for senior citizens.

What is FD interest rate for senior citizen in SBI?

The interest rate for senior citizens varies depending on the tenure of the deposit. Currently, the SBI interest rates vary from 3.80% to 7.30% for senior citizens depositing below Rs.3 crore for a tenure of 7 days to 10 years.

What is FD interest rate in SBI at one year?

The State Bank of India (SBI) offers a fixed deposit (FD) interest rate of 6.50% per annum for a tenure of 1 year to less than 2 years for general customers. Senior citizens receive a higher rate of 7.00% per annum for the same tenure.

What is the interest of 1 lakh FD in SBI?

As of May 2025, SBI offers 6.50% p.a. on a 1-year FD for general customers and 7.00% p.a. for senior citizens. The exact interest earned depends on the tenure and applicable rate.

How many years FD will double in SBI?

Let’s take an interest rate applicable for 5 to 10 years, which is currently 6.50%. In such a situation, when you divide the current interest rate by 72, the answer will be 72/6.5 = 9.6. According to this calculation, your money will double in 11 years.

What is the highest interest rate on SBI FD?

The highest interest rate on SBI FD is 6.85% p.a. for the general public and 7.35% p.a. for senior citizens under the Amrit Vrishti scheme (444 days).

What is the minimum investment for FDs under SBI?

The minimum investment for FDs in SBI is Rs.1,000.

What is the penalty for early withdrawal in SBI FD?

For deposits up to Rs.5 lakh, a penalty for early withdrawal of 0.50% will be applied for all tenures. On the other hand, a penalty of 1% is applied for deposits above Rs.5 lakh on all tenures.

Do we have premature withdrawal facility on SBI FD?

Yes, a premature withdrawal facility is available for SBI FDs. However, you have to pay the premature withdrawal penalty when you withdraw money before the minimum tenure of your deposit.

Can I get a loan facility on the SBI Tax Savings Scheme?

You can get the loan facility on the SBI Tax Savings Scheme, 2006, only after completing the lock-in period of five years, subject to the extant instruction of the term deposit/special term deposit.

What happens if I have missed providing maturity instructions?

If you have missed providing maturity instructions while opening an FD account, the account will get auto-renewed upon maturity.

What happens if I withdraw the FD balance before completing the minimum deposit tenure?

If you withdraw the FD balance before completing the minimum deposit tenure, the interest for such a deposit will not be paid.

Can more than two adults open an FD account jointly?

Yes. Two or more adults can jointly open an FD account.

About the Author

Mayashree Acharya

Senior Content Writer

I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

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